GISTSMATE MEDIA reports the Nigerian National Petroleum Corporation Ltd. has blamed the fuel scarcity that has led to long queues in filling stations nationwide due to recent rains, lightning, and thunderstorms. NNPCL’s vice-president (downstream), Dapo Segun, disclosed this at a press conference at the NNPC towers in Abuja. Fuel queues have resurfaced in filling stations…
GISTSMATE MEDIA reports that the Nigerian National Petroleum Company Limited (NNPC Ltd.), on Monday, August 19, said it has not paid fuel subsidy to any entity since the past nine years. Umar Ajiya, the Chief Financial Officer of NNPC Limited while speaking said the company was only taking care of Premium Motor Spirit (PMS) importation…
The NNPC Limited has released its 2023 Audited Financial Statement (AFS), declaring a net profit of N3.297 trillion at the close of the financial year which ended in December 2023, an increase of over N700 billion (28%) when compared to the 2022 profit of N2.548 trillion. In a world press conference held at the NNPC…
Oil marketers have attributed this round of scarcity of Premium Motor Spirit (PMS) also known as petrol, to lingering logistics challenges and supply constraints, saying “We will distribute only what we have”. This was disclosed by the President of the Petroleum Products Retail Outlets Owners Association, (PETROAN), Billy Gillis-Harry who was a guest on Channels…
The Nigerian National Petroleum Company Limited (NNPC Ltd.) has breaks silence on fuel supply situation in the country. The NNPC Ltd in a statement released today says the organization regrets the tightness in fuel supply witnessed in some parts of Lagos and the FCT. The statement by Olufemi Soneye Chief Corporate Communications Officer NNPC Ltd…
The Nigerian National Petroleum Company Ltd. (NNPC Ltd.) has denied reports alleging it was selling employment slots to the public. A statement by the company’s Chief Corporate Communications Officer, NNPC Ltd, Olufemi Soneye on Saturday called on members of the public, especially jobseekers to disregard the rumours. According to Soneye, there was no iota of…
Fire has been reported on Akaso 4 Wellhead operated by the Nigerian National Petroleum Company 18 Operating Limited in Rivers State.you The Nigerian Upstream Petroleum Regulatory Commission confirmed the incident in a statement by its spokesperson, Olaide Shonola, on Saturday. The incident, which has extended along the adjacent riverbank is reported to have occurred on…